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Daily Caller

American Energy Firms Are Counting Down The Days Until Trump’s Return

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From the Daily Caller News Foundation

By Ireland Owens

President-elect Donald Trump’s promise to “drill, baby, drill” in his upcoming administration appears to have American energy firms eagerly awaiting his return, according to a new survey.

On numerous occasions, Trump vowed to unleash American oil and made achieving “energy dominance” a key aspect of his next administration’s agenda. Responding to an anonymous survey conducted by the Dallas Federal Reserve, several energy executives said that they are optimistically awaiting the former president’s return to office, with many citing “positive regulatory changes” in their responses.

The survey noted a dramatic decline in its “outlook uncertainty index” with one respondent explaining, “The outcome of the 2024 presidential election removes the risk of the unknown.”

“There is more optimism looking at first quarter 2025 than first quarter 2024,” one respondent wrote. “Much of 2024 felt like a waiting game … We think the election results will be good for activity even if it’s just because operators and service companies have a clear direction for planning.”

“We are encouraged that the new administration in Washington, D.C., will enact some positive regulatory changes for offshore drilling in the U.S.,” another wrote.

President Joe Biden and Trump have had vastly different approaches to domestic energy policies, though one survey respondent claiming that the shifting political landscape is “helpful insofar as regulations,” considering Trump is likely to reduce the regulatory burden on oil firms. For this reason, many energy executives have in the past criticized Biden’s energy policy.

From his very first day in office, Biden has led a massive push to curb greenhouse gas emissions as part of his signature climate agenda. Biden introduced the Inflation Reduction Act in 2022, which unlocked hundreds of billions of dollars to subsidize various green energy projects. Trump has vowed to redirect unspent funding from the IRA, and previously dubbed the climate law “the green new scam.”

More recently, reports have surfaced claiming that Biden is considering a permanent ban on additional offshore drilling in some federal waters ahead of Trump’s return to office, potentially aiming to hamstring the incoming president’s energy plans.

“The recent election result is changing outlooks,” one respondent wrote. “The new administration will lift regulations, stop subsiding [subsidizing] green energy and seek LNG build-outs to place more demand on natural gas.”

While on the campaign trail ahead of the 2024 election, Trump pledged to revamp the U.S. energy sector, and repeatedly promised to “drill, baby drill” in a bid to increase domestic oil and gas production.

“We’re assuming that the new administration will encourage more development of oil and gas projects,” one survey respondent wrote.

In November, Trump nominated North Dakota Gov. Doug Burgum to head the Department of the Interior and Chairman of a new National Energy Council. The president-elect praised Burgum in a post on Truth Social, stating that he would play a key role in overseeing the “path to U.S. energy dominance.”

Additionally, Trump announced in November 2024 the nomination of Liberty Energy CEO Chris Wright to lead the Department of Energy and as a member of the new energy council. The president-elect said in a Truth Social post that Wright is a “bold advocate who brings rational thought to the energy dialogue.”

The Dallas Federal Reserve’s survey data was collected from Dec. 11–19, and included 134 energy firm respondents.

conflict

‘They Don’t Know What The F*ck They’re Doing’: Trump Unloads On Iran, Israel

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From the Daily Caller News Foundation

By Harold Hutchison

President Donald Trump expressed frustration Tuesday after Iran broke a ceasefire, prompting retaliation from Israel during a gaggle with reporters on the White House lawn.

Trump announced the ceasefire Monday, saying it was supposed to take effect at 1 a.m. Eastern Daylight Time, but Iran fired missiles at Israel Tuesday. Trump vented, saying the countries had been “fighting so long” they couldn’t make peace.

WATCH:

“You know, when I say okay, now you have 12 hours, you don’t go out in the first hour just drop everything you have on them,” Trump said. “So I’m not happy with them. I’m not happy with Iran either. But I’m really unhappy if Israel is going out this morning because the one rocket that didn’t land, that was shot, perhaps by mistake, that didn’t land, I’m not happy about that.”

“We basically have two countries that have been fighting so long and so hard, that they don’t know what the fuck they are doing,” Trump added.

The United States struck facilities in Fordow, Natanz and Isfahan related to Iran’s effort to develop nuclear weapons early Sunday morning local time, using as many as 14 GBU-57 Massive Ordnance Penetrators in the operation, which involved a 37-hour flight by seven B-2A Spirit bombers.

The American strikes came ten days after Israel launched a military operation targeting the Iranian nuclear program. Iran has responded with repeated missile attacks on Israeli cities and a refusal to resume negotiations over its efforts to pursue nuclear weapons.

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Automotive

Supreme Court Delivers Blow To California EV Mandates

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From the Daily Caller News Foundation

By Katelynn Richardson

“The Supreme Court put to rest any question about whether fuel manufacturers have a right to challenge unlawful electric vehicle mandates”

The Supreme Court sided Friday with oil companies seeking to challenge California’s electric vehicle regulations.

In a 7-2 ruling, the court allowed energy producers to continue their lawsuit challenging the Environmental Protection Agency’s decision to approve California regulations that require manufacturing more electric vehicles.

“The government generally may not target a business or industry through stringent and allegedly unlawful regulation, and then evade the resulting lawsuits by claiming that the targets of its regulation should be locked out of court as unaffected bystanders,” Justice Brett Kavanaugh wrote in the majority opinion. “In light of this Court’s precedents and the evidence before the Court of Appeals, the fuel producers established Article III standing to challenge EPA’s approval of the California regulations.”

Kavanaugh noted that “EPA has repeatedly altered its legal position on whether the Clean Air Act authorizes California regulations targeting greenhouse-gas emissions from new motor vehicles” between Presidential administrations.

“This case involves California’s 2012 request for EPA approval of new California regulations,” he wrote. “As relevant here, those regulations generally require automakers (i) to limit average greenhouse-gas emissions across their fleets of new motor vehicles sold in the State and (ii) to manufacture a certain percentage of electric vehicles as part of their vehicle fleets.”

The D.C. Circuit Court of Appeals previously rejected the challenge, finding the producers lacked standing to sue.

“The Supreme Court put to rest any question about whether fuel manufacturers have a right to challenge unlawful electric vehicle mandates,” American Fuel & Petrochemical Manufacturers (AFPM) President and CEO Chet Thompson said in a statement.

“California’s EV mandates are unlawful and bad for our country,” he said. “Congress did not give California special authority to regulate greenhouse gases, mandate electric vehicles or ban new gas car sales—all of which the state has attempted to do through its intentional misreading of statute.”

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